Gender perspectives on access to institutional credit and profitability of palm oil marketers in Abia state, Nigeria
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Abstract
This work critically analyzed gender perspectives on access to institutional credit among palm oil marketers in Abia State, Nigeria. One hundred and twenty palm oil marketers were selected using multi stage stratified simple random sampling technique; primary data were collected with the use of a well structured questionnaire. Descriptive and inferential statistics were used to analyze data collected. Majority (66.66%) of the male respondents accessed formal institution as major source of borrowing while majority (53.33%) of the female respondents accessed informal source of credit as their major source of borrowing. The result revealed that the estimated net returns of palm oil marketing by gender were ₦285,690.92 (females) and ₦287,467.96 (males) showing that palm oil marketing was
profitable in the study area. The male marketers made more profit than their female counterparts but for every ₦1 spent, female marketers return on capital invested (₦2.65) was higher than that of male marketers (₦1.40) by ₦1.25. The results of the regression analysis showed that the coefficient of age for male and pooled had a direct relationship with profit at 5% level each. The coefficient for marital status for female, male and pooled had a direct relationship with profit at 10%, 5% and 1% levels respectively. Other significant variables include education, occupational status, amount accessed, interest rate and distance to source of credit. Based on the findings, Government should strengthen financial institutions such as the Bank of Agriculture to provide soft loans to palm oil
marketers at very low interest rate.
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